Survey: Fewer than ever now consider auto bailouts a success

Friday

Aug 23, 2013 at 9:00 AM

Here’s a look at a recent survey conducted with 1,000 likely U.S. Voters which shows fewer than ever now consider auto bailouts a success.

The survey revealed 40 percent think the bailouts of the auto industry were good for the United States, the lowest level in a year, while 45 percent think they were bad for the country, up three from March and the highest since last August and 15 percent are not sure.

In April 2009, only 27 percent of Americans thought it was a good idea for the government to bail out General Motors and Chrysler, but support had steadily risen since then and reached a peak of 53 percent last September.

When told that the government will lose money on them, just 29 percent of voters consider the auto bailouts a success, down from 34 percent in March and the lowest finding to date, while 56 percent of voters regard the bailouts as a failure, up six from March and also the highest finding yet and 15 percent are undecided.

The number of voters who consider the bailouts of the auto industry a success has been on the decline since regular surveying began on the question in November, while those who think the bailouts were a failure has been on the rise since then.